Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 19.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 237,165 shares of the insurance provider's stock after selling 58,850 shares during the quarter. Russell Investments Group Ltd. owned 0.36% of Reinsurance Group of America worth $38,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Reinsurance Group of America by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider's stock valued at $1,067,264,000 after buying an additional 110,877 shares during the last quarter. American Century Companies Inc. raised its stake in Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider's stock valued at $378,288,000 after purchasing an additional 177,299 shares during the period. Earnest Partners LLC raised its stake in Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider's stock valued at $344,257,000 after purchasing an additional 62,045 shares during the period. Bank of New York Mellon Corp raised its stake in Reinsurance Group of America by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider's stock valued at $133,288,000 after purchasing an additional 13,229 shares during the period. Finally, AQR Capital Management LLC raised its stake in Reinsurance Group of America by 33.5% during the 3rd quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider's stock valued at $102,992,000 after purchasing an additional 177,812 shares during the period. Institutional investors own 95.11% of the company's stock.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now owns 13,625 shares in the company, valued at approximately $2,341,183.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP William L. Hutton sold 1,588 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company's stock, valued at approximately $2,341,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock worth $1,162,239 in the last quarter. Company insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded down $2.53 on Tuesday, hitting $187.02. The stock had a trading volume of 364,449 shares, compared to its average volume of 346,784. Reinsurance Group of America, Incorporated has a 52-week low of $133.13 and a 52-week high of $196.25. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 14.11 and a beta of 0.89. The company's 50 day moving average price is $184.88 and its 200 day moving average price is $169.89.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the business earned $2.99 EPS. The business's quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 25.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. UBS Group boosted their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on Reinsurance Group of America from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $194.38.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.